Strong rally on Monday.....

Tax bill is passed, that leaves no real issue facing this TAPE.

Expecting a strong rally on Monday.....

This TAPE has split personality, some sector are super strong while majority of sectors are in deep deep slump......

Here is a small sample of what i am talking about, as reflected in RSI :

Dow        77.51

S&P 500 73.11

Nasdaq    52.75

MS          71.64

BAC        69.66

GS           67.95

RUT        65.95

XLE        63.26

AMZN    61.83

CRM       49.60

TAN        48.56

SHOP      47.36

PANW     46.54

GOOG     45.71

FB            43.03

TSLA       41.18

NFLX       39.13

BABA      37.11

As you can clearly see, that there is lot of bargain around in this TAPE. Do your own research and see where your money may find a home.

Market has been choppy, although, we seems to be making new all time highs in major indices, but it is NOT reflected in prices of most stocks.

We seems to be getting another shot @ increasing our return for year end.

Good luck with your picks!

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed